What Are Mexican Peso Futures?
Mexican Peso Futures (6M) are futures contracts based on the value of the Mexican Peso (MXN) relative to the U.S. Dollar (USD). These contracts allow traders to hedge or speculate on fluctuations in the exchange rate between the Mexican Peso and the U.S. Dollar. Factors such as global commodity prices, trade relations, interest rates, and economic performance in both Mexico and the U.S. influence the Mexican Peso market.
Contract Size
- Contract Size: 500,000 Mexican Pesos.
Trading Hours
The Mexican Peso Futures contract trades nearly 24 hours a day, five days a week, providing consistent access to the global currency markets.
- Sunday to Friday: 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.0001 (1 tick = 1 basis point).
- Tick Value: $50.00 per tick.
- Minimum Price Fluctuation: $0.0001 per MXN/USD.
This makes Mexican Peso Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the foreign exchange market.
Trading Symbol
- Platform Symbol: 6M
Margins
To trade Mexican Peso Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Mexican Peso Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Mexican Peso Futures are widely used by businesses and investors to hedge against fluctuations in the exchange rate between the Peso and the U.S. Dollar.
- Global Influence: The value of the Mexican Peso is influenced by factors such as trade with the U.S., Mexico’s economic performance, and oil prices, which impact the Peso.
- Diversification: Add exposure to the foreign exchange market to complement equity or commodity investments.
- Price Discovery: Futures markets provide an effective mechanism for determining the fair price of the Mexican Peso.
Start Trading 6M with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Mexican Peso Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.